Digilogic Systems Limited
Bookbuilding IPO · BSE
- Price band
- ₹98 - ₹104
- Lot size
- 1,200 shares
- Issue amount
- ₹81.01 cr
- Total subscription
- 1.17×
- Opens
- 20 Jan 2026
- Closes
- 22 Jan 2026
- Allotment
- 23 Jan 2026
- Listing
- 28 Jan 2026
Offer at a glance
Issue overview
- Issue size
- 77,89,196 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹1,17,600
- Fresh issue
- ₹69.68 cr
- Offer for sale
- ₹11.33 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,24,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,22,52,630
- Shares after issue
- 2,89,52,226
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,49,600 |
| sHNI | 3 | 3,600 | ₹3,74,400 |
| bHNI | 9 | 10,800 | ₹11,23,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 22 Jan 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 5 |
| NIB | 0 | 97 |
| RETAIL | 1,139 | 1,228 |
| HNIs(10L +) | 217 | 15 |
| HNIs (2-10L) | 108 | 82 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 17.51 | 28.03 |
| FIIs | 0 | 4.02 |
| Others | 0 | 24.01 |
| RETAIL | 28.43 | 30.65 |
| NIB | 12.19 | 9.16 |
| HNIs 2+ | 4.06 | 3.51 |
| HNIs 10+ | 8.14 | 5.65 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 0.72 | 3.89 | 1.2 |
| ROE | 4.71 | 34.27 | 19.53 |
| ROCE | 4.71 | 34.27 | 19.1 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 28.52 | 0 |
| POST IPO(PE) | 93.26 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| DCX Systems | 53.65 | 187.25 | 2.00 | 103.64 | 3.14 | 3.49 |
| Data Patterns (India) | 66.91 | 2650.85 | 2.00 | 269.37 | 15.66 | 39.62 |
| Apollo Micro System | 132.45 | 246.35 | 1.00 | 19.85 | 10.02 | 1.86 |
| Digilogic Systems | 28.52 | 104.00 | 2.00 | 15.04 | 34.57 | 3.89 |
| Zen Technologies | 40.31 | 1292.65 | 1.00 | 187.09 | 27.85 | 32.07 |
Company information
Company profile
Incorporated in 2011, Digilogic Systems Ltd is engaged in the design, development, manufacturing, integration, and support of Automated Test Equipment (ATE), radar and Electronic Warfare simulators, application software, and embedded signal processing solutions primarily for the defence and aerospace sector, with limited applications in industrial automation. The business operates across three segments comprising Test Systems such as ATE, checkout systems, and radar/EW simulators, Application Software including data acquisition platforms and IP cores, and Services covering system integration, upgrades, and lifecycle support, offering end-to-end solutions from concept and design to deployment and maintenance. The company operates from two facilities, including a 10,688 sq. ft. registered office and corporate facility in Hyderabad handling design, engineering, manufacturing, and administration, and a marketing office in Bengaluru focused on business development and project execution, while IPO proceeds are proposed to be utilized for setting up a new facility, debt repayment, and general corporate purposes.
Strengths
- Proven Defence & Aerospace Experience: Strong track record in delivering complex, mission-critical systems.
- Strong Industry & Global Partnerships: International collaborations provide access to advanced technologies and large programs.
- End-to-End Solutions: Integrated capabilities reduce reliance on third parties and improve execution control.
Risk factors
- New Facility Execution Risk: Delays in approvals, procurement, or commissioning may affect timelines and costs.
- IPO Proceeds Utilisation Risk: Planned use of funds may face delays or may not deliver expected returns.
- Regulatory Compliance Risk: Past filing inconsistencies could result in penalties or regulatory action.
Promoters
Mr. Madhusudhan Varma Jetty
Mrs. Radhika Varma Jetty
Mr. Shashank Varma Jetty
Mr. Hitesh Varma Jetty
Registrar & documents
Lead manager
Indorient Financial Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
#102, 1ST Floor DSL Abacus Tech Park Uppal Kalsa Village Uppal Ma, Rangareddy Rangareddi, Telangana, 500039
+040 4547 4601
[email protected]Company website ↗Understanding DIGILOGIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.